Profits are up, as are emissions, at OPG


Substation Relay Protection Training

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 12 hours Instructor-led
  • Group Training Available
Regular Price:
$699
Coupon Price:
$599
Reserve Your Seat Today
Higher electricity prices helped Ontario Power Generation boost its earnings by $74 million to $333 million in the three months ended September 30.

But the higher profit came at an environmental cost.

Low water levels caused by a dry spring and summer forced OPG to burn more coal to generate power.

Carbon dioxide emissions are up 45 per cent compared with last year, the company says in its third quarter report.

Although OPG must close all its coal plants by 2014, it appears they came in handy this summer when low water levels decreased output from hydroelectric stations. Production also edged lower at nuclear stations.

But output from OPGÂ’s thermal plants, which mostly burn coal, rose by 250 per cent in the three months ended September 30.

Boosting coal production will get harder as the years go by: OPG permanently closed two coal-fired units at each of its Nanticoke and Lambton stations on October 1.

OPG said its profit increase was also helped by higher returns on funds set aside to pay for the future costs of storing used nuclear fuel and decommissioning nuclear plants.

The companyÂ’s revenue for the three-month period climbed to $1.396 billion from $1.345 billion a year earlier.

Related News

Wind Denmark - Danish electricity generation sets a new green record

Denmark 2019 electricity CO2 intensity shows record-low emissions as renewable energy surges, wind power dominates,…
View more

When will the US get 1 GW of offshore wind on the grid?

U.S. Offshore Wind Capacity is set to exceed 1 GW by 2024, driven by BOEM…
View more

PG&E keeps nearly 60,000 Northern California customers in the dark to reduce wildfire risk

PG&E Public Safety Power Shutoff reduces wildfire risk during extreme winds, triggering de-energization across the…
View more

WY Utility's First Wind Farm Faces Replacement

Foote Creek I Wind Farm Repowering upgrades Wyoming turbines with new nacelles, towers, and blades,…
View more

Cheaper electricity rate for customers on First Nations not allowed, Manitoba appeal court rules

Manitoba Hydro Court Ruling affirms the Public Utilities Board exceeded its jurisdiction by ordering a…
View more

TransAlta Poised to Finalize Alberta Data Centre Agreement in 2025 

TransAlta Alberta Data Centre integrates AI, cloud computing, and renewable energy, tackling electricity demand, grid…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Download the 2026 Electrical Training Catalog

Explore 50+ live, expert-led electrical training courses –

  • Interactive
  • Flexible
  • CEU-cerified